Philippines, Thailand focus on Cambodia

Cambodia’s booming construction sector has led to major ASEAN powers seeking greater business relations with the fledgling economy, namely the the Philippines and Thailand

In turn, Cambodian officials have expressed interest in launching direct flights between Manila and Phnom Penh, marking improved relations after a hard patch occurred when Cambodia blocked efforts by the Philippines to recognise territorial disputes in the South China Sea.

During an official visit, Philippine Vice President Jejomar Binay told media that Cambodian Prime Minister Hun Sen also supports improved ties in the rice trade.

Furthermore, within the ASEAN bloc, Cambodia is now considered to hold the highest potential for Thai investors, according to Roongrote Benjamasuthin, director of the University of the Thai Chamber of Commerce’s ASEAN Business & Economic Center.

“We should take advantage of the geographical proximity between Thailand and Cambodia while the Thai government has planned to build and expand roads and railways to link the two neighbouring countries. Part of these infrastructure [projects] would be serviceable when the ASEAN Economic Community finally takes off in the next few years,” Roongrote said.

Small and medium enterprises and trans-national conglomerates in Thailand have been encouraged to follow this advice and set up shop if the venture capital presents itself.

 



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Cambodia’s booming construction sector has led to major ASEAN powers seeking greater business relations with the fledgling economy, namely the the Philippines and Thailand In turn, Cambodian officials have expressed interest in launching direct flights between Manila and Phnom Penh, marking improved relations after a hard patch occurred when Cambodia blocked efforts by the Philippines to recognise territorial disputes in the South China Sea. During an official visit, Philippine Vice President Jejomar Binay told media that Cambodian Prime Minister Hun Sen also supports improved ties in the rice trade. Furthermore, within the ASEAN bloc, Cambodia is now considered to hold...

Cambodia’s booming construction sector has led to major ASEAN powers seeking greater business relations with the fledgling economy, namely the the Philippines and Thailand

In turn, Cambodian officials have expressed interest in launching direct flights between Manila and Phnom Penh, marking improved relations after a hard patch occurred when Cambodia blocked efforts by the Philippines to recognise territorial disputes in the South China Sea.

During an official visit, Philippine Vice President Jejomar Binay told media that Cambodian Prime Minister Hun Sen also supports improved ties in the rice trade.

Furthermore, within the ASEAN bloc, Cambodia is now considered to hold the highest potential for Thai investors, according to Roongrote Benjamasuthin, director of the University of the Thai Chamber of Commerce’s ASEAN Business & Economic Center.

“We should take advantage of the geographical proximity between Thailand and Cambodia while the Thai government has planned to build and expand roads and railways to link the two neighbouring countries. Part of these infrastructure [projects] would be serviceable when the ASEAN Economic Community finally takes off in the next few years,” Roongrote said.

Small and medium enterprises and trans-national conglomerates in Thailand have been encouraged to follow this advice and set up shop if the venture capital presents itself.

 



Support ASEAN news

Investvine has been a consistent voice in ASEAN news for more than a decade. From breaking news to exclusive interviews with key ASEAN leaders, we have brought you factual and engaging reports – the stories that matter, free of charge.

Like many news organisations, we are striving to survive in an age of reduced advertising and biased journalism. Our mission is to rise above today’s challenges and chart tomorrow’s world with clear, dependable reporting.

Support us now with a donation of your choosing. Your contribution will help us shine a light on important ASEAN stories, reach more people and lift the manifold voices of this dynamic, influential region.

$
Personal Info

Donation Total: $10.00

 

 

2 COMMENTS

  1. I’m a researcher Cambodian I can create factory of fertilizer
    agriculture now I need the partner please connect 855 12 31 32 80 or
    Email:samnang_h@ymail.com thank.

    Best regards!

  2. Greater economic ties between these countries would elevate the success of the ASEAN integration process and provide more incentive to resolve interstate disputes.

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